The evidence on growing inequality in OECD countries has raised an important debate over its main drivers, pointing out an increasing importance of the capital-labour conflict. In this contribution, we aim at disentangling the role of some of the forces shaping this process. Our identification...

In this article we investigate – both conceptually and empirically – the relationship between three interconnected elements of the Schumpeterian “engine of progress”: the ability of industries’ R&D efforts to turn out successful innovations; the ability of innovations to lead to high...

In this paper we have estimated a behavioural equation for R&D investment. We assess the impact of liquidity constraints and capabilities, measured respectively as internal cash flow and distance from the technological frontier. Our estimation is performed on an industry level panel covering...

Financial constraints for young and small firms can prevent them from supporting innovation and employment creation. We analyze two of the various institutional mechanisms which have been proposed to circumvent it: the development of venture capital market and the stock market access. We will...

This article explores the impact of innovation, offshoring and demand on profits and wage dynamics. The growing relevance of functional distribution in terms of explaining personal distribution underscores the importance of our results for understanding recent increases in inequality. The...

This article explores the impact of innovation, offshoring and demand on profits and wage dynamics. The growing relevance of functional distribution in terms of explaining personal distribution underscores the importance of our results for understanding recent increases in inequality. The...

The evidence on growing inequality in OECD countries has raised an important debate over its main drivers, pointing out an increasing importance of the capital-labour conflict. In this contribution, we aim at disentangling the role of some of the forces shaping this process. Our identification...